A. cost price B. fixed percentage on cost C. selling price D. invoice price Correct Answer: Option D - invoice…
A. debited to the head office current account B. debited to the branch current account C. credited to the head…
Given: Fixtures-#30,000 Debtors-#7,000 Stock- #8,000 Creditors-#3,000 Goodwill-#10,000 A. #10,000 B. #42,000 C. #45,000 D. #52,000 Correct Answer: Option D…
A. profit and loss B. revenue account C. accumulated fund D. income and expenditure account Correct Answer: Option C -…
A. expenses are shared B. gross profit is computed C. net profit is computed D. balance sheet is obtained Correct…
Total production cost- #360,000 Factory overhead cost- #56,000 Selling price per unit- # 120 Production volume of 4000 units …
Total production cost- #360,000 Factory overhead cost- #56,000 Selling price per unit- # 120 Production volume of 4000 units …
A. departmental account B. trading account C. profit and loss account D. balance sheet Correct Answer: Option C - profit…
A. Cheque receipts B. Dishonoured cheques C. Discount allowed D. Bills receivable Correct Answer: Option D - Bills receivable Explanation…
A. sales day book B. purchasers day book C. creditors legder D. debtors ledger Correct Answer: Option C - creditors…